Tax ID Or Business License?

My partner and I are just getting started, in the process of doing a SS now. We have created a business name, and will probably be opening a Home Depot (we deal with rehabs) as well as an amex blue biz card account. We also want to open a buziness checking account. I realize that the business license and the tax ID are seperate things, but which do we need for what we are trying to do...that is, part time REI with a joint partnership..... We will probably setup a LLC pretty soon (within 6 months) Any advice?

Thanks in advance.

Comments(1)

  • DaveT16th April, 2004

    You may need both. The tax ID is for your federal tax return. The business license requirements are generally established by your local county or municipal jurisdiction.

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